Uber's Careem to suspend ride-hailing services in Pakistan

2025-06-18 16:36:25

Uber's Careem co-founder and CEO Mudassir Sheikha wrote on June 18 that Careem will suspend its ride-hailing service in Pakistan on July 18 due to "challenging macroeconomic realities, increasing competition, and global capital allocation."

Uber

Email Subscription

Newsletters and emails are now available! Delivered on time, every weekday, to keep you up to date with North American business news.

Weekly Highlights

                                    Air India flight returns after takeoff due to technical issues
                            2025-06-16

                                    Southbound funds made a large net purchase of 5.743 billion yuan today. In terms of Hong Kong Stock Connect (Shanghai), China Construction Bank and Meituan-W received net purchases of HK$1.108 billion and HK$493 million respectively; Xiaomi Group-W ranked first in net sales, with an amount of HK$1.489 billion; in terms of Hong Kong Stock Connect (Shenzhen), Meituan-W and Kangfang Biopharma received net purchases of HK$622 million and HK$206 million respectively; Xiaomi Group-W ranked first in net sales, with an amount of HK$391 million.
                            2025-06-16

                                    Arm (ARM.O): We are better than Nvidia on a wider range of platforms.
                            2025-06-12

                                    Espressif: Wi-Fi 7 and AI computing chips will be launched in the next two to three years
                            2025-06-19

                                    JD.com: Stablecoin is being tested in the Hong Kong Monetary Authority and is expected to be launched in the fourth quarter of this year
                            2025-06-19